16-02-2024
The government’s Industrial Energy Transformation Fund (IETF) has released £185m to help industrial sites decarbonise.
The fund allows site owners on the Enterprise Zone to apply for funding to complete studies, and to install or retrofit energy efficiency and decarbonisation programmes. The fund is generally aimed at manufacturing, recycling, data centres and industrial laundries. Businesses have until 19 April to apply.
The IETF supports industrial sites with high energy use to transition to a low carbon future.
The fund targets existing industrial processes, helping industry to:
• reduce energy consumption by investing in more efficient technologies; and
• reduce emissions by bringing down the costs and risks associated with investing in decarbonisation technologies.
Funding is allocated through a competitive process aimed at supporting the highest quality and most transformational bids. The fund is open to a broad range of industrial sectors and will support lead applicant sites based in England, Wales, and Northern Ireland, both within and outside of industrial clusters.
Support on applying for the grant is available via a series of clinics.
Businesses in Blackpool can also access fully funded Net Zero support via the Blackpool Net Zero Business Academy.
Businesses in Fylde can also access fully funded Net Zero support via the Chamber Low Carbon.